The rally from 139.78 is looking nice and impulsive just as we would expect form a third wave. We might have seen the top, with the test of 141.84. A break below 141.52 will confirm that, but as long as 141.52 protects the downside we can't exclude wave (iii) moving higher towards 142.18 first. As wave (ii) was a flat we should be looking for a zig-zag or a triangle correction as wave (iv), setting the stage for wave (v) ending the rally from 134.26 and wave E of the ending diagonal, which will terminate wave D. (see the daily chart below)
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